Group Term Life Flexi

Flexible and comprehensive coverage at affordable premiums

Flexible and comprehensive coverage at affordable premiums

What is Group Term Life Flexi

Group Term Life Flexi provides OCBC customers with comprehensive and flexible coverage at affordable premiums.

Customise your plan according to your needs with basic coverage for death, total and permanent disability and terminal illness, with the option to include additional coverage for personal accident, critical illness, disability income and medical expenses.

This is not a fixed or savings deposit. It is a group term life insurance plan.

Why is Group Term Life Flexi good for you?

Affordable premiums starting from as low as S$10.00 per month

Comprehensive and flexible benefits to suit your needs

No medical underwriting is required as acceptance is guaranteed

Extend coverage to your family and children

EligibilityEligible Member/SpouseBetween 16 and 65 years old (age next birthday)

ChildBetween 2 and 15 years old (age next birthday)

Full coverage of Group Term Life Flexi

Basic plan

Group Term Life

Provides coverage for Death, Total and Permanent Disability and Terminal Illness.

Group Term Life

Sum Assured

Plan A

Plan B

Plan C

Coverage for (i) Death due to non-accidental, (ii) Accidental death,(iii) Total and permanent disability and (iv) Terminal illness.

Eligible Member/Spouse

S$150,000

S$100,000

S$50,000

Child

S$20,000

S$15,000

S$10,000

Optional riders

Choose to add on riders to enjoy more comprehensive coverage.

Group Critical Illness (Acceleration)

Provides a lump sum payout upon diagnosis of any of the 37 covered critical illnesses. After claiming for critical illness, the sum assured covered under Group Term Life shall automatically be reduced by the amount of critical illness benefit payment.

Upon death, a lump sum amount of S$3,000 (in addition to the Group Term Life sum assured) shall be payable, provided no claim has been paid for any one of the critical illnesses.

The Life Insurance Association Singapore (LIA) has standard definitions for 37 severe stage critical illnesses. You may refer to www.lia.org.sg for the standard definitions.

Group Critical Illness(Acceleration)

Sum Assured

Plan A

Plan B

Plan C

Coverage for (i) 37 critical illnesses and (ii) Death

Eligible Member/Spouse

S$20,000

S$15,000

S$10,000

Child

N.A.

Group Personal Accident

Provides a lump sum payout upon death due to accident or any specified permanent disabilities.

Group PersonalAccident

Sum Assured

Plan A

Plan B

Plan C

Coverage for (i) Accidental death and(ii) Accidental total or partial permanent disability

Eligible Member/Spouse

S$100,000

S$75,000

S$50,000

Child

S$20,000

S$15,000

S$10,000

Group Disability Income

Pays a monthly income benefit up to 24 months, or up till 65 years old (age next birthday), whichever is earlier, if you are unable to perform any gainful occupation (including your own occupation) due to sickness or injury. The maximum monthly benefit limit is 70% of the average monthly income over the last 24 months or sum assured limit, whichever is lower.

Please note that premium rates for the policy are not guaranteed. These rates may be adjusted based on future experience. We may amend the premium rates at any time with at least 30 days' notice before the premium due date at which the amended rates will apply. The amended rates will apply according to the age next birthday of the insured life at the date of commencement of assurance under the policy.

Important Information

This document does not take into account your particular investment and protection aims, financial situation or needs. You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid.

This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.

We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.

Important Information on Group Term Life Flexi

Group Term Life Flexi is provided by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it.

This document does not take into account your particular investment and protection aims, financial situation or needs. You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you.

As this product has no savings or investment features, there is no cash value if the policy ends or if the policy is terminated prematurely. It is usually detrimental to replace an existing accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more, or have less benefits at the same cost. This policy is not a Medisave-approved plan and premiums are not payable using MediSave.

This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary (available from us) before deciding whether to buy this product.

We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies.

All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as of 2 May 2019.

Policy Owners’ Protection Scheme

The plan is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Group Medical

Sum Assured

Plan A

Plan B

Plan C

Hospitalisation & Surgical

Room and Board Entitlement

Ward A in Government Hospital

Ward B1 in Government Hospital

Ward B1 in Government Hospital

Daily Room & Board (Maximum 120 days including ICU)

S$3,000

S$2,000

S$2,000

Intensive Care Unit (ICU)

Hospital Miscellaneous Services

Surgery (Fee more than S$1,500 subject to Surgical Schedule, except for admission to Singapore Restructure/Government Hospitals)